Great Britain and other imperial powers - merchants, traders, and colonists in the New World

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belief that there is a limited amount of wealth in the world; pits one country against another in the quest for colonization; establishes a balance of trade where the nation exports outnumber its' imports

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16th-19th centuries

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England and the Americas

'''Why''' was mercantilism historically significant?

Colonies of the New World were established to support the "mother country." Therefore, an established elite class of merchants and traders serving the interests of themselves and other elites produced a stark divide between the rich and poor. It created the need for cheap labor which resulted in an explosion of indentured servants. Because indentured servants were of a lower caste, there was not much need for a central government in the colonies. The elites governed. Also, the need for cheap land was, indeed, a prominent fixture of the elite caste. Therefore numerous skirmishes with the Native populations arose as Natives were seen as competitors for land.

Who: Great Britain and other imperial powers - merchants, traders, and colonists in the New World

What: belief that there is a limited amount of wealth in the world; pits one country against another in the quest for colonization; establishes a balance of trade where the nation exports outnumber its' imports

to:

Who:

Great Britain and other imperial powers - merchants, traders, and colonists in the New World

What:

belief that there is a limited amount of wealth in the world; pits one country against another in the quest for colonization; establishes a balance of trade where the nation exports outnumber its' imports

Who: Great Britain and other imperial powers - merchants, traders, and colonists in the New World

What: belief that there is a limited amount of wealth in the world; pits one country against another in the quest for colonization; establishes a balance of trade where the nation exports outnumber its' imports

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16th-19th centuries

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to:

England and the Americas

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Colonies of the New World were established to support the "mother country." Therefore, an established elite class of merchants and traders serving the interests of themselves and other elites produced a stark divide between the rich and poor. It created the need for cheap labor which resulted in an explosion of indentured servants. Because indentured servants were of a lower caste, there was not much need for a central government in the colonies. The elites governed. Also, the need for cheap land was, indeed, a prominent fixture of the elite caste. Therefore numerous skirmishes with the Native populations arose as Natives were seen as competitors for land.

limited supply of wealth, competition, favorable balance of trade in support of the "mother" country (England), race to wealth, more export of goods than imports

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17-19th centuries

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New World and the "mother countries"

Why is mercantilism important? What is its' historical significance?supplies to the New World, dictated economic decisions for merchants, traders, and colonists, showed dominance in trade and economic wealth, dominated the way the economy was run, created a social divide between the rich and poor

limited supply of wealth, competition, favorable balance of trade in support of the "mother" country

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limited supply of wealth, competition, favorable balance of trade in support of the "mother" country (England), race to wealth, more export of goods than imports

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New World

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New World and the "mother countries"

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supplies to the New World, dictated economic decisions for merchants, traders, and colonists,

to:

supplies to the New World, dictated economic decisions for merchants, traders, and colonists, showed dominance in trade and economic wealth, dominated the way the economy was run, created a social divide between the rich and poor